After listening to the AMA by Leofinance today, it became evident of where this is going.
In this video I discuss how I was reminded of meetings we had when I was working. These were at the beginning of each month, reviewing what took place and our plans for the month ahead. We do not see a lot of this in the world of cryptocurrency.
▶️ 3Speak
Summary:
In this video, Task discusses his observations from the LeoFinance AMA he attended earlier in the day. He focuses on the significance of business metrics and performance measurement in the context of cryptocurrencies, particularly highlighting the approach taken by LeoFinance in setting measurable targets and analyzing key performance indicators. Task emphasizes the importance of having quantifiable metrics for assessing growth, revenue, and user engagement within the crypto space, drawing parallels to traditional business practices.
Detailed Article:
Task starts the video by reflecting on the significance of the transition from May to June in the business world. He highlights the importance of this timeframe as a line of demarcation for many organizations, marking the end of one month on the books and the beginning of another. Task explains that businesses tend to assess their performance based on metrics such as sales figures, revenue growth, and active user numbers, which are crucial for determining progress and success.
A notable point Task makes is the contrast between traditional discussions in the crypto space, which often revolve around price speculation and development updates, and the approach taken by LeoFinance. He commends LeoFinance for its emphasis on measurable metrics and targets, such as ad revenue, user engagement, and site updates, which allow for a more business-oriented evaluation of performance.
Throughout the video, Task stresses the importance of setting targets and having a structured approach to measuring progress. He discusses how ad revenue on LeoFinance is influenced by user activity and engagement, highlighting the potential impact that stakeholders can have on the platform's success. Task underscores the need for transparency in sharing key performance figures to allow stakeholders to assess the platform's growth and make informed decisions.
Furthermore, Task draws parallels between the business strategies employed by conventional companies like Twitter, Facebook, and Google, and those being adopted by crypto projects like LeoFinance. He emphasizes the value of having a clear roadmap, defined targets, and measurable metrics in place to drive growth and sustainability in the crypto space. Task encourages a shift towards a more business-like approach within the crypto community, advocating for a focus on long-term viability and strategic planning.
In conclusion, Task reiterates the importance of treating crypto projects with a business mindset, emphasizing the need for measurable metrics, transparent reporting, and strategic planning to drive growth and market validity. He contrasts speculative approaches with a more structured, goal-oriented perspective, underlining the potential for long-term success and sustainability in the crypto space through a business-oriented approach.
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